As an investor, you may encounter some problems when working with investment managers in Ireland. Knowing your rights and how to file complaints properly can help resolve issues. This article will discuss common complaints against Irish life investment managers, reasons behind them, and ways to complain effectively to protect your interests.
High fees and lack of transparency are major complaints
Many complaints target the high fees and expenses charged by Irish investment managers. These extra costs can significantly eat into investor returns long-term. Some also criticize the lack of fee transparency and hidden charges in fine print. Knowing the true all-in cost is key to evaluating if a manager adds value.
Underperformance compared to benchmarks arouses dissatisfaction
Another common complaint is when portfolio performance consistently lags behind appropriate benchmarks. Investors pay managers handsomely to beat the market, so persistent underperformance feels unjustified. While markets fluctuate, multi-year inferior returns likely signify subpar skills.
Inadequate reporting and communication induce grievances
Insufficient reporting and poor communication also draw investor complaints. Timely and clear updates on portfolio holdings, transactions, performance attribution, and outlook should be provided. Managers perceived as unresponsive or dismissive of requests for information risk dissatisfied clients.
Mismatched investments contrary to directives raise objections
Some complaints target investment choices that seem misaligned with agreed upon mandates. For example, an ostensibly conservative portfolio containing speculative assets. Managers should ensure investments match stated risk tolerances and objectives.
Common Irish investment manager complaints involve high costs, underperformance, poor reporting, and mismatching investments. Assert your rights and file official grievances with regulators to resolve issues.